Apple Reports Strong Q4 Earnings Despite Challenges
Apple has announced its Q4 earnings, reporting a record revenue of nearly $95 billion, surpassing Wall Street expectations primarily driven by strong iPhone sales. However, the tech giant faced a significant decrease in profits, with a 36% drop attributed to a $10 billion charge related to European tax issues. Despite the impressive revenue figures, concerns have arisen regarding weakness in the China market and mixed performance in its services segment, which recorded a new high of $24.97 billion. Analysts remain cautious as they evaluate the impact of ongoing AI expansions and the newly launched iPhone 16, while some suggest potential stock fluctuations in light of these mixed results.
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